Now that you mention it, it is a bit confusing. Hope this clears it up.

Edwin]]>
Asset Allocation With Value And Momentumhttp://seekingalpha.com/article/1945331/comments?source=feed#comment-28434541
28434541My methodology is roughly based on Cliff Asness's paper "Value and Momentum Everywhere" ( http://bit.ly/1apdqM6). If you're interested in this sort of thing, it's a fascinating read.

I looked for something simple that can be consistently applied to asset classes as varied as commodities, bonds and stocks. At a high level, this is what I do:

Momentum: 12 month trailing total returnValue: Inverse of 5 year trailing total return, with some adjustments

I can't share every detail, but you can see the analysis, as of earlier this month on my blog:http://bit.ly/1apdqMa